Just got: In the past 3 months, listed companies only added about 5,900 $BTC (Glassnode); in the same period last year, it was over 100,000. Strategy is still the main driver—by the end of August, there was a purchase of 4,603 coins in a single transaction.
The companies’ treasury average cost is about $80,500. CoinDesk’s main story estimates that overall unrealized losses are around $76,400 at the time of writing, but the page’s market price is already around $81,100, so gains and losses will change with the current price.
Additional inflows also look weak: Coinbase premiums have mostly been negative since May; stablecoin total supply has basically stayed flat this year at around $300–$310 billion. The US spot BTC ETF still needs about another $1 billion to turn positive for the year; gains from the bounce have happened, but the breadth of demand hasn’t fully caught up.
$BTC #比特币 #market
The companies’ treasury average cost is about $80,500. CoinDesk’s main story estimates that overall unrealized losses are around $76,400 at the time of writing, but the page’s market price is already around $81,100, so gains and losses will change with the current price.
Additional inflows also look weak: Coinbase premiums have mostly been negative since May; stablecoin total supply has basically stayed flat this year at around $300–$310 billion. The US spot BTC ETF still needs about another $1 billion to turn positive for the year; gains from the bounce have happened, but the breadth of demand hasn’t fully caught up.
$BTC #比特币 #market
